Aug
23rd

Spanish Gambling Laws Open Doors to Foreign Investment

It looks as though the online casino industry is entering a new era with regards to legislation. The USA has been in the news recently with whispers of a relaxation of the strict UIGEA laws. Estonia and Denmark have also recently moved their gambling laws in line to be friendlier to foreign investment.

The latest developments are emerging from Spain where two new players are planning on entering the Spanish online gambling market. Now that this market has opened its doors, the scope of potential development has caught the ears of Bwin and William Hill.

Bwin and William Hill are two of the biggest global players with regards to online gambling and have been behind some of the biggest investments over the past few years.

Although the Spanish lawmakers may take their lead from what is happening in the US to a certain degree, there may still be pressure on the Spanish authorities to allow foreign companies to gain casino licenses. This will not only gain huge revenue for the Spanish government, but will also allow the market to start off on a very sophisticated level as those companies entering the market already have over a decade of online casino experience.

However, in the US, many pundits believe that preferential treatment will be given to existing land based US casinos in terms of being granted operational online casino licenses. If this were to occur, the Spanish government may also be inclined to follow suit. Time will tell how the Spanish gambling laws will be finalized.

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